Japan Customs Studies Vietnam State Budget Collection at BIDV

The Vietnam Bank for Investment and Development (BIDV) recently hosted a meeting with a Japanese customs delegation in Hanoi. Japanese visitors came to study management methods for export - import tax collection and payment via commercial bank systems and network connections between customs agencies in order to serve the deployment of the Vietnam Automated Cargo and Port Consolidated System (VNACCS) for the Vietnamese customs sector.

 

Japanese customs authorities are considering funding VNACCS for the Vietnamese customs. This new system allows interconnection with banking systems to serve companies’ payment and management of tax on import and export goods.

 

As a leading State-owned commercial bank, BIDV always strongly supports customs reform and modernisation the customs sector is carrying out. The bank is ready to work closely with the General Department of Customs to effectuate this policy.

 

In addition, BIDV also guided Japanese customs officers to explore State budget collection at BIDV; introduced State budget software, tax software and documents forms related to settlement process. At the same time, the bank has contributed useful comments on the application of import and export tax model in support of automated customs clearance.